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Condensed Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
6 Months Ended
Nov. 25, 2012
Nov. 27, 2011
Cash flows from operating activities:    
Net income $ 468.7 $ 277.2
Income from discontinued operations   0.1
Income from continuing operations 468.7 277.1
Adjustments to reconcile income from continuing operations to net cash flows from operating activities:    
Depreciation and amortization 185.8 186.5
Asset impairment charges 4.6 7.4
Earnings of affiliates in excess of distributions (5.4) (11.2)
Share-based payments expense 27.8 24.4
Contributions to pension plans (10.1) (71.5)
Pension expense 11.4 12.4
Other items (11.0) (19.1)
Change in operating assets and liabilities excluding effects of business acquisitions and dispositions:    
Accounts receivable (109.9) (115.1)
Inventory (335.4) (228.9)
Deferred income taxes and income taxes payable, net (2.5) 85.1
Prepaid expenses and other current assets 19.7 (34.2)
Accounts payable 226.4 347.4
Accrued payroll (13.3) 11.3
Other accrued liabilities 21.8 15.9
Net cash flows from operating activities - continuing operations 478.6 487.5
Net cash flows from operating activities - discontinued operations   2.4
Net cash flows from operating activities 478.6 489.9
Cash flows from investing activities:    
Additions to property, plant and equipment (180.4) (160.5)
Sale of property, plant and equipment 3.9 5.7
Purchase of businesses and intangible assets (268.6) (57.5)
Other (1.5)  
Net cash flows from investing activities (446.6) (212.3)
Cash flows from financing activities:    
Net short-term borrowings (40.0)  
Issuance of long-term debt 743.0  
Repayment of long-term debt (34.2) (348.1)
Repurchase of ConAgra Foods, Inc. common shares (238.6) (84.0)
Cash dividends paid (195.3) (189.7)
Exercise of stock options and issuance of other stock awards 102.9 88.8
Other items 1.5  
Net cash flows from financing activities 339.3 (533.0)
Effect of exchange rate changes on cash and cash equivalents 2.5 (10.5)
Net change in cash and cash equivalents 373.8 (265.9)
Cash and cash equivalents at beginning of period 103.0 972.4
Cash and cash equivalents at end of period $ 476.8 $ 706.5